GOLD has just retested a very low price point region and has just formed a head and shoulders pattern on the 1 hour timeframe.
Along with RSI and MACD confirmation this enough for me to BUY big lots in gold holding this position till at least the 1494 price point, however we could be expecting all time highs!!
do you think a possible breakthrough to continue down?... I was looking for a short, but after going down in time frames to look for a possible indicator, I realised a morning star pattern on the 15 minute chart, im thinking gold will respect the price region and I will now look for a long position, thanks for the post it made me re-look my analysis!!!